ShippingWatch

Weak Yen creates boom in orders at Asian shipyards

In March, Japanese shipyards received 49 export orders, compared to just five orders in February, and the difference in price compared to Chinese shipyards is now as low as 10-15 percent. Shipowners are also reaping major currency gains in 2013.

Photo: Hempel

Japanese shipyards, like the major shipping companies, look set to gain significant financial benefits while alos increasing their competitiveness following Japan's break from more than 20 years of fierce currency policy. The dramatic decline of the Japanese Yen in recent months has sent the Japanese yards back into competition with Korean and Chinese shipyards.

In March, Japanese shipyards received 49 export orders, compared to just five orders in February, and the difference in price compared to Chinese shipyards is now as low as 10-15 percent, according to new numbers from Japan Ship Exporters Association, writes Lloyd's List.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

Further reading

Related articles

Latest news

See all jobs